Acceptable Property Types

Please note the property has to be confirmed as being acceptable for mortgage security purposes in the professional valuation report for the Society. If you have a property type which is not detailed below, please contact your local mortgage manager today for more information.

Alternatively, please complete the call me back page and one of our mortgage managers will contact you.

Acceptable properties – Residential & Buy to Lets/Holiday Lets

Type	Residential	Buy-to-Let
Freehold houses & Bungalows of Standard construction	Yes	Yes
New Build houses subject to no cash incentives / builder deposits	Yes	Yes
Former local Authority house	Yes	Yes
Right to buy – houses of standard construction only	Yes	Yes
Grade II listed buildings subject to valuation	Yes	Yes
Leasehold houses , Bungalows, flats and maisonettes of standard construction purpose build or converted (unexpired lease term at valuation a minimum of 50 yrs)	Yes	Yes
Flats subject to no cash incentives/builder deposit and no resale issues raised by the valuer. Up to 3 floors/11 metres in total.	Yes	Yes
Converted flats up to 3 floors/11 metres - subject to conversion being undertaken with full planning regulation consent and that there are no onerous conditions contained with in the lease and that the building is being professional managed.	Yes	No
Flats above commercial premises	Will consider please contact one of our managers	Will consider please contact one of our managers
Modern timber framed properties with external brick skin	Yes	Yes
Solar panels provided that the following applies: Where solar panels are subject to a lease, confirmation from the solicitors and valuer that the lease does not affect the society’s security.	Yes	Yes
EPC Certificate required: BTL needs to be E or above	Yes	Yes
Private water supply subject to certification for the water supply being sustainable and fit for human consumption by a suitably qualitied Hydrologist.	Yes	Yes
Properties subject to Agricultural tie & Section 106 occupancy restrictions	Yes	Yes
Properties that have previously flooded with a suitable flood insurance cover available on normal commercial terms.	Yes	Yes
Properties with Land	Yes	Holiday lets please refer

Unacceptable properties – Residential & Buy to Lets/Holiday Lets

Type
Freehold flats and maisonettes
Studio flats
Flats in blocks over 3 storeys
Properties in Scotland & N I
Local Authority built flats and maisonettes
Non traditional construction ex local authority properties.
Properties that have previously flooded
Properties with Possessory title
Houses with a flying freehold
Former local Authority Maisonettes and flats
Shared ownership properties
Wimpey No fines construction in good condition
Properties with 100% flat roof

Acceptable properties – Self Build, Barn conversions/Renovation

Type	Residential	Buy-to-Let
Freehold houses & Bungalows of Standard construction	Yes	Yes
Modern timber framed properties with external brick skin.	Yes	Yes
Traditional builds.	Yes	Yes
Properties with Thatched roof.	Yes	Yes
Modern Oak Frame properties – Refer to Society manger.	Yes	Yes
Modern steel frame properties subject to valuers comments.	Yes	Yes
SIPS (Structurally Insulated Panels) – With an external cladding of Brick, Brick Slip Finish, Cement/Polymer render or Cement Weatherboard.	Yes	Yes
Septic Tank – Where a shared septic tank is in place, the society will consider these subject to a formal documented responsibilities being in place for all parties in respect of maintenance and repair/replacement and conformation that the tank fully complies with statutory requirements.	Yes	Yes
Partially built properties (subject to) • Certification and inspection certification by a qualified architect • Confirmation that the property has been constructed in accordance with planning/building requirements.	Yes	Yes
Plots/properties subject to 106 agreements.	Yes	Yes
Grade II listed buildings subject to valuation.	Yes	Yes
Private water supply subject to certification for the water supply being sustainable and fit for human consumption by a suitably qualified Hydrologist.	Yes	Yes
Second Homes – Where the property will be occupied by the borrower, typically as a Holiday/Weekend home.	Yes	Yes

Unacceptable properties – Self Build, Barn conversions/Renovation

Type
Properties with Possessory Title.
A group development, e.g. builder/development offering multiple plots.
High Alumina Cement.
Land only where no building planned or commenced.
House subject to Flying Freehold.
Properties that are reported to be contaminated land or within a contaminated land area.

Please contact your local mortgage manager today for more information.